Headlands Technologies LLC Sells 2,989 Shares of KLA Co. (NASDAQ:KLAC)

Headlands Technologies LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 94.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160 shares of the semiconductor company’s stock after selling 2,989 shares during the quarter. Headlands Technologies LLC’s holdings in KLA were worth $93,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KLAC. AdvisorNet Financial Inc raised its holdings in shares of KLA by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 17 shares during the last quarter. West Paces Advisors Inc. increased its stake in KLA by 8.8% in the 4th quarter. West Paces Advisors Inc. now owns 210 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 17 shares during the last quarter. Journey Advisory Group LLC lifted its position in shares of KLA by 4.4% during the 3rd quarter. Journey Advisory Group LLC now owns 502 shares of the semiconductor company’s stock worth $230,000 after buying an additional 21 shares in the last quarter. Drive Wealth Management LLC boosted its stake in shares of KLA by 4.3% in the 4th quarter. Drive Wealth Management LLC now owns 507 shares of the semiconductor company’s stock worth $295,000 after buying an additional 21 shares during the last quarter. Finally, MWA Asset Management grew its holdings in shares of KLA by 3.2% in the fourth quarter. MWA Asset Management now owns 683 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 1.1 %

Shares of KLAC stock opened at $713.93 on Tuesday. KLA Co. has a 52-week low of $369.66 and a 52-week high of $729.15. The business’s fifty day moving average is $686.46 and its 200 day moving average is $603.00. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. The company has a market capitalization of $96.54 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.52 and a beta of 1.34.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.49 EPS. On average, equities research analysts anticipate that KLA Co. will post 22.61 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 15th. KLA’s payout ratio is 30.38%.

Insider Activity at KLA

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the transaction, the executive vice president now directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares in the company, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KLAC has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on KLA from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley increased their price target on shares of KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a research report on Friday. Berenberg Bank lifted their price objective on shares of KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Barclays increased their target price on shares of KLA from $550.00 to $630.00 and gave the company an “underweight” rating in a research report on Friday. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $675.00 price target on shares of KLA in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $722.26.

KLA Profile

KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection.